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there will still be a substantial deficit, but it will be smaller. president obama's main contribution to this $16 billion debt, which is a trillion dollar debt, a ten-year figure projecting out ten years was the stimulus bill, which is $800 billion, which i believe was a good thing to do. i think that might be bigger without it. it kept people working and paying taxes and off the government payrolls. because it created new jobs. if you look at his annual spending budgets, they are about 2% increase. that's less than the rate of inflation. so, i think that the reason that i believe he'll win re-election is we are beginning to recover. we have a higher rate of job creation since the recession bottomed out in the middle of 2009 than in the previous eight years. and, we are moving in the right direction and the policies he's advocated are going to produce good economic results. if people thought it was like another recession, he would be in trouble. it's not like another recession. they know it. >> people say the paralysis in washington, the inability t
there will still be a substantial deficit, but it will be smaller. president obama's main contribution to this $16 billion debt, which is a trillion dollar debt, a ten-year figure projecting out ten years was the stimulus bill, which is $800 billion, which i believe was a good thing to do. i think that might be bigger without it. it kept people working and paying taxes and off the government payrolls. because it created new jobs. if you look at his annual spending budgets, they are about 2%...
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Sep 29, 2012
09/12
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you have a two letter $60 billion deficit. you will not slow the spending. you refuse to do that. >> as we get closer to this year's first presidential debate, we're taking a look at some debate from our archives starting with president reagan at 7:00 p.m. eastern. later, it is the 1992 debate between president bush, bill clinton, and ross perot. and then it is our core and george w. bush. they're all tonight here on c- span. >> every generation through our history has worked and sacrificed to meet a better country to their children and grandchildren and future generations. we read then spending the money. we are now much more spending their money. we are leaving them a mess. it will be very difficult to deal with. if we are that week, and just think of who want to come here first and take us over. the last thing i want to see is our country taken over because we're so financially weak we cannot do anything. we're moving in that direction. we are on the edge of the cliff. we have to start fixing it now. otherwise, we are leaving a disaster. we could even los
you have a two letter $60 billion deficit. you will not slow the spending. you refuse to do that. >> as we get closer to this year's first presidential debate, we're taking a look at some debate from our archives starting with president reagan at 7:00 p.m. eastern. later, it is the 1992 debate between president bush, bill clinton, and ross perot. and then it is our core and george w. bush. they're all tonight here on c- span. >> every generation through our history has worked and...
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democrats to be talking about new spending at a time when people are very concerned about debt and deficit. but as these folks continue to believe that their man is going to carry the day on november november 6th, they probably want to get in line first. neil: if there is always the risk when word of this leaks out that they look like they are decorating the office before they are guaranteed they're going to have it. now, if you are barack obama you already have it. what is to stop you from san amide looked at that new drug. you know what i mean. it does seem to be a sense that, you know, they are planning for a victory that might not happen. if this gets out then it could strike a lot of voters as, at the very least, arrogant. >> i think that they are forgetting that president obama is not the only piece of the puzzle. you still have a republican house which republicans that it will a lot to. mitt romney loses, paul ryan will still be the budget chairman. democrats can line up all these big spending initiatives if they want to, but the fact is that the house is still going to be majority
democrats to be talking about new spending at a time when people are very concerned about debt and deficit. but as these folks continue to believe that their man is going to carry the day on november november 6th, they probably want to get in line first. neil: if there is always the risk when word of this leaks out that they look like they are decorating the office before they are guaranteed they're going to have it. now, if you are barack obama you already have it. what is to stop you from san...
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Sep 29, 2012
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it all adds to the deficit. they have got to go out there this is all on the surface of tax cuts for the super wealthy. where i come from, we have one of the highest per-capita incomes in the nation. what i found out is wealthy people are just as patriotic as poor folks. they are just as decent and just as good. they are not asking for these tax cuts. that me give you an example. by extending the bush tax cuts for the wealthy, $500 billion goes to 120,000 families. $500 billion. a half a trillion dollars. how can that the right? the average income of those folks is $8.4 million the year. they do not need a tax cut. that what? middle-class families need a handout. they need a bit of help. [cheers and applause] a voted against extending the middle class tax cuts permanently. the voted against it. why? because they were holding it hostage to make sure they could continue the tax cuts i just mentioned. it almost sounds unbelievable. on top of the, how romney has another tax cut, costing the economy $1.70 trillion. g
it all adds to the deficit. they have got to go out there this is all on the surface of tax cuts for the super wealthy. where i come from, we have one of the highest per-capita incomes in the nation. what i found out is wealthy people are just as patriotic as poor folks. they are just as decent and just as good. they are not asking for these tax cuts. that me give you an example. by extending the bush tax cuts for the wealthy, $500 billion goes to 120,000 families. $500 billion. a half a...
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Oct 1, 2012
10/12
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if you think about it i would argue that the inability of the government to fix this borrowing debt deficit issue in the book, vice president biden's chief of staff, talking about the economic crisis in 2011, that's exactly what is going on. there is so much evidence that it is the biggest future. we are on the path becoming europe and greece. you just can't keep borrowing money. there is a stunning and fiction in this country, and we need some sort of we need some serious intervention. in the book, what i attempt to do is take people to the presidents and leaders and tell you exactly because of the luxury of time and my publisher, simon & schuster, i declined to get the meeting notes to get the exact detail to interview president obama and speaker boehner and the key players in this. i just want to take one quick snapshot from what happened that we didn't know about, which is critical. when the cops pull up less when the president was upset, he called the congressional leaders on a saturday morning at 11:00 o'clock a.m. the democratic and republican leaders were trying to work out their ow
if you think about it i would argue that the inability of the government to fix this borrowing debt deficit issue in the book, vice president biden's chief of staff, talking about the economic crisis in 2011, that's exactly what is going on. there is so much evidence that it is the biggest future. we are on the path becoming europe and greece. you just can't keep borrowing money. there is a stunning and fiction in this country, and we need some sort of we need some serious intervention. in the...
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Sep 30, 2012
09/12
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for instance, has numbers that are well known, and germany, it is really getting close to a neutral deficit situation. but they still have a fairly heavy debt burden on their shoulders. first, it is difficult to the country specific within the european union, even more so with than the eurozone. second, they are growth conducive -- there are growth conducive policies to put in place. in the short term there are budgetary allocations can be used to simulate the job market and give people training, making sure that this still fits what was described by others before me. that is one example. the second example, which has more to do with medium-term and long-term is the series of reforms within place in many of the euro area member states. stronger competition authorities for those professions in other places as well. that is what i mean by growth- friendly measures. short-term for some, no medium terms in results, consequences, or affects. >> a big extension of that, what is your sense of how long it will take those stressful measures of the type the mentioned to pay off? especially in terms o
for instance, has numbers that are well known, and germany, it is really getting close to a neutral deficit situation. but they still have a fairly heavy debt burden on their shoulders. first, it is difficult to the country specific within the european union, even more so with than the eurozone. second, they are growth conducive -- there are growth conducive policies to put in place. in the short term there are budgetary allocations can be used to simulate the job market and give people...
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Oct 3, 2012
10/12
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mitt romney, doesn't have a deficit reduction plan. he wants to spend $2 trillion more in defense, $5 trillion more in a tax cut won't tell us how you pay for, before you even start talking about deficit reduction. it's a joke to think mitt romney will actually take action to redaus the deficit. >> taxes, this week he did come out with this proposal of eliminating $17,000 in deductions. >> right. >> your response to that? >> well, you know, he left out a number of different details of that proposal but i would also say that limiting deductions to $17,000 for middle-class families still results in a tax increase. even in just the health premium deduction, for families last year, were about $15,000. there you go. what happens to the mortgage deduction, charitable deduction, child deduction. he's raising taxes on middle class families. >> if this comes up and mitt romney starts to do that math that paul ryan wouldn't do, i'm sure this will be a topic of discussion. >> how worried are you about the jobs report on friday? >> we face this ev
mitt romney, doesn't have a deficit reduction plan. he wants to spend $2 trillion more in defense, $5 trillion more in a tax cut won't tell us how you pay for, before you even start talking about deficit reduction. it's a joke to think mitt romney will actually take action to redaus the deficit. >> taxes, this week he did come out with this proposal of eliminating $17,000 in deductions. >> right. >> your response to that? >> well, you know, he left out a number of...
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Sep 27, 2012
09/12
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he promised to cut the deficit at the end of his first term. he's blown a hole in the deficit large enough to drive a mack truck through. >> sean: i want to go to ralph's point here. this president said the republicans want dirty air and water, that mitt romney is pretty much a murderer, they want kids with autism, down syndromes and the elderly to fend for themselves. this president has never been asked why he said those things and why he believes them. >> it's simple. there's 23 million giving up looking for work. you engage in personal attacks on your opponent. it's not going to work. i'll tell you why, it's not going to work because the failed economic record of this president, and it's not going to work because he's out of step with the values of mainstream perq. it doesn't how much they try to smear romney's faith, those personal attacks -- >> sean: he agree. >> when senator reid said this, and i don't think it was fortunate to say this, but when he said this about mitt romney's faith, we come after him, how come it was okay to for john b
he promised to cut the deficit at the end of his first term. he's blown a hole in the deficit large enough to drive a mack truck through. >> sean: i want to go to ralph's point here. this president said the republicans want dirty air and water, that mitt romney is pretty much a murderer, they want kids with autism, down syndromes and the elderly to fend for themselves. this president has never been asked why he said those things and why he believes them. >> it's simple. there's 23...
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it seems do-able on paper, but, remember, a a lot of daylight on deficit reduction between republicans and democrats such as would gets the tax cuts and what and how federal government should be cut. those are and will be pitched battles on capitol hill. >>neil: ahead the debate, we will just say our denver fans are out in force. they must have known i would be wearing body paint. they heard that neil cavuto is coming to town and boy do we have great debate coverage planned for them and all of you at 4:00 p.m. eastern. in florida, republican congressman west has been making news and we have former governor wilder, and former governor giuliani and former debt commission co-chair, alan simpson and sarah palin joining us, home depot founder, the democratic mayor of los angeles, as well. watch us. you can tivo bret baier. he is okay with it. the guy is a saint. a saint. anyway, bucking china in the buckeye state. telling companies to lay off the lay off notices five weeks ahead of the election. do you notice a pattern here? we do. you report. you decide. the world needs a broader mix of en
it seems do-able on paper, but, remember, a a lot of daylight on deficit reduction between republicans and democrats such as would gets the tax cuts and what and how federal government should be cut. those are and will be pitched battles on capitol hill. >>neil: ahead the debate, we will just say our denver fans are out in force. they must have known i would be wearing body paint. they heard that neil cavuto is coming to town and boy do we have great debate coverage planned for them and...
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that's not a flat out cut in the debt or deficit. that is a slowing in the rate of growth in the rate of deficit and those cuts come many years down the road. >> brian: thank you, stewart we'll watch you at 9:30. >> gretchen: crying babies on a plane. one airline came up with a solution. >> brian: president obama pulled ahead but larry sabido who correctly predicted the electionn said that is not going to last long in virginia. ♪ i'm yours . ♪ ♪ here i am, baby. how can you get back pain relief that lasts up to 16 hours? with thermacare heatwraps. thermacare works differently. it's the only wrap with patented heat cells that penetrate deep to relax, soothe, and unlock tight muscles. for up to 16 hours of relief, try thermacare. but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! >> brn: california is the third straight t
that's not a flat out cut in the debt or deficit. that is a slowing in the rate of growth in the rate of deficit and those cuts come many years down the road. >> brian: thank you, stewart we'll watch you at 9:30. >> gretchen: crying babies on a plane. one airline came up with a solution. >> brian: president obama pulled ahead but larry sabido who correctly predicted the electionn said that is not going to last long in virginia. ♪ i'm yours . ♪ ♪ here i am, baby. how can...
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greece is obviously a deficit country and these surplus countries i think the problem is that they're asking for certain concessions from the deficit countries like greece that go against the heart of autonomy and national self-determination and at the same time the servos countries are not willing to get into bail them out and i think the risk on risk off situation i would see in markets indicates that no one really knows how long that's going to continue but i think the markets are. convinced that it's not going to end well that it's not going to be able to go on and on now the ease increasingly looking east towards the china e.u. summit showed the team to kindle and close a friendship now what do you know thoughts on this relationship is it one that driven by mutual advantage or just desperation by the e.u. has always looked eastward in the sense that they've looked to expand their borders they've continued to move east but the last expansion hit a wall they kind of overextended themselves and i think that if anything this this recent push is an attempt to exhaust all possible opti
greece is obviously a deficit country and these surplus countries i think the problem is that they're asking for certain concessions from the deficit countries like greece that go against the heart of autonomy and national self-determination and at the same time the servos countries are not willing to get into bail them out and i think the risk on risk off situation i would see in markets indicates that no one really knows how long that's going to continue but i think the markets are. convinced...
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states are on notice, big-time notice, they've got huge budgett deficits. >> right. >> why wouldn't this help the state's bottom line? this is happening in arizona, where property taxes are next to nothing anymore, because there's no housing market anymore. why wouldn't this be a good thing? >> it is a good thing. i haven't heard one single good argument why not to do this. you're not rushing kids through, you're allowing them to rush through if they so desire. that's what this is supposed to be about. kids that can advance should advance if they want to. if it saves money all the better. why not save money if you can if it's improving the lots of kids that want to achieve. we should reward achievement in this country. this is a good way to start. >> nobody is saying you shouldn't do that, jim. >> todd? >> jim, that's great. nobody is saying we want to destroy success. we get that. however, you have to assume with property taxes, you saw a population growth. to think property taxes would actually drop because you subtract two years from a high school education -- >> i agree with you. the
states are on notice, big-time notice, they've got huge budgett deficits. >> right. >> why wouldn't this help the state's bottom line? this is happening in arizona, where property taxes are next to nothing anymore, because there's no housing market anymore. why wouldn't this be a good thing? >> it is a good thing. i haven't heard one single good argument why not to do this. you're not rushing kids through, you're allowing them to rush through if they so desire. that's what...
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Oct 2, 2012
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you need to gradually, year by year, reduce that deficit gradually. raise interest rates over time, in addition, need to focus from a fiscal standpoint on structural financing and structural investment that you know, this country sorely lacks. >> anyone have the will, the political will to be able to make those tough decisions right now? >> we will hear on wednesday in terms of the debates, i suspect not. the political will is divided is for their own team as for their own team, not necessarily for the united states. we are a little dour in terms of the ultimate prospects. >> matter who wins the president city for the markets? >> i don't thi so brian. i think basically what we have here is a large deficit that won't be reduced significantly. we have an easy fed that won't change its habits the next several years, the structural solutions required are five to ten years down the road. >> later on in the show, going to be talking about a mystery city that shall be unveiled that is going through its up potential minifiscal cliff, a major pension crisis. w
you need to gradually, year by year, reduce that deficit gradually. raise interest rates over time, in addition, need to focus from a fiscal standpoint on structural financing and structural investment that you know, this country sorely lacks. >> anyone have the will, the political will to be able to make those tough decisions right now? >> we will hear on wednesday in terms of the debates, i suspect not. the political will is divided is for their own team as for their own team, not...
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Oct 3, 2012
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he's not going to have to overcome 8, 9 point deficits to try to get into it. he needs to go out there and communicate in a clear way where he wants to lead the country. what is the alternative vision that he has vis-a-vis the president and he's been unable to communicate that over the entirety of the election. tonight is one of his last chances to start doing it. >> let me give you another scenario and that is that the president has a good night tonight. he gets it up to 51, as you say, and the other guy is going down and very few opportunities left. that would be a bad night for mr. romney. thank you, howard fineman, and steve schmidt. >>> coming up, how will we know who wins tonight's debate? it's not like there is an official scorecard but experts will look at everything. we'll give you an idea of how to look at this thing realtime. >>> and also caught on tape, yesterday "the huffington post" reported paul ryan saying 30% of americans wanted a welfare state and jumped on joe biden as well saying that the middle class has been buried. the running mates are c
he's not going to have to overcome 8, 9 point deficits to try to get into it. he needs to go out there and communicate in a clear way where he wants to lead the country. what is the alternative vision that he has vis-a-vis the president and he's been unable to communicate that over the entirety of the election. tonight is one of his last chances to start doing it. >> let me give you another scenario and that is that the president has a good night tonight. he gets it up to 51, as you say,...
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Sep 30, 2012
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deficit. people are working harder for less money than they were making 10 years ago, 2/3 of our people -- a $1,600 drop in average income in just the last two years. the problem i have with the perot prescription is that almost all economists who've looked at it say that if you cut the deficit this much this quick it will increase unemployment, it will slow down the economy. that's why i think we shouldn't do it that quickly. we have a disciplined reduction in the deficit of 50 % over the next four years, but first get incentives to invest in this economy, put the american people back to work. we've got to invest and grow. 9 nobel prize-winning economists and 500 others, including numerous republican and democratic business executives, have endorsed this approach because it offers the best hope to put america back to work and get our incomes rising instead of falling. >> president bush, one minute, sir. >> your question was on fairness. i just disagree with mr. perot. i don't believe it is fa
deficit. people are working harder for less money than they were making 10 years ago, 2/3 of our people -- a $1,600 drop in average income in just the last two years. the problem i have with the perot prescription is that almost all economists who've looked at it say that if you cut the deficit this much this quick it will increase unemployment, it will slow down the economy. that's why i think we shouldn't do it that quickly. we have a disciplined reduction in the deficit of 50 % over the next...
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Sep 26, 2012
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so, you know, i would agree that we need to cut our deficits. it's just the wrong way to do it. >> so what is the better way to do it? here we have, you know, automatic cuts coming, automatic tax increases coming. a lot of people predicting that 2013 will be a recession as a result of this. we haven't even heard from the defense companies in terms of how many jobs they're about to cut because of it. so what's the best way to do it? >> keep in mind nobody wants the sequester to happen. maybe chris and his colleagues at catos are an exception. the idea of a sequester is so awf awful, it would cut so deeply into spending, it should never happen. it's a doomsday device, which is trying to get congress to do its real job, which is to focus on taxes and sbentitlements get a grand bargain. nobody wants it to happen, but we're playing a big game of chicken because nobody wants to do the other things that are necessary to get those deficits down. but look, if we cut $55 billion out of defense, which is what the sequester would do, in one year alone, in 2
so, you know, i would agree that we need to cut our deficits. it's just the wrong way to do it. >> so what is the better way to do it? here we have, you know, automatic cuts coming, automatic tax increases coming. a lot of people predicting that 2013 will be a recession as a result of this. we haven't even heard from the defense companies in terms of how many jobs they're about to cut because of it. so what's the best way to do it? >> keep in mind nobody wants the sequester to...
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Sep 26, 2012
09/12
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there will still be a substantial deficit but it will be much smaller. president obama's main contribution to this $16 billion debt which is -- a $1 trillion debt which is a ten-year figure, projecting out ten years, was the stimulus bill which was $800 billion, which i believe was a good thing to do. i think that that might even be even bigger without it, because it kept people working and paying taxes and off the government payrolls and because it created new jobs and infrastructure in energy. if you look at his annual spending budgets, they are about 2% increases. that's less than the rate of inflation. so i think that the reason that i believe he will win re-election is that we're beginning to recover. we've had a higher rate of job creation since the recession bottomed out, the collapse bottomed out in the middle of 2009, than in the previous eight years, and we are moving in the right direction, and the policies he has advocated are more likely to present a good economic result. that's why if people thought this was just like another recession, he
there will still be a substantial deficit but it will be much smaller. president obama's main contribution to this $16 billion debt which is -- a $1 trillion debt which is a ten-year figure, projecting out ten years, was the stimulus bill which was $800 billion, which i believe was a good thing to do. i think that that might even be even bigger without it, because it kept people working and paying taxes and off the government payrolls and because it created new jobs and infrastructure in...
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Sep 27, 2012
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that's what's added $4 trillion to our deficit. i mean, think about that. so we've created a mountain of debt for the next generation that they're going to have to pay off. >> sean: remember, under obama's watch household income has plummeted more than 8%, and he's added more debt than almost all of his predecessors combined. the president doesn't want to talk about his record because it's a record of failure. he's been disengaged from the moment he took office. not only is he not willing to meet with world leaders bike prime minister benjamin netanyahu, not willing to reach across the isle about serious matters. massive cuts and our defense are looming. the massive tax hike in history is imminent. mr. president, the solutions to those problems won't be reached by sitting on the couch of the "the view," nor found in jay-z's nightclub, nor in george clooney house. the author of a brand-new "new york times" bestseller is here. bob woodward. you said this is a moment of maximum peril. you described a president not engaged in terms of relationships to fix the p
that's what's added $4 trillion to our deficit. i mean, think about that. so we've created a mountain of debt for the next generation that they're going to have to pay off. >> sean: remember, under obama's watch household income has plummeted more than 8%, and he's added more debt than almost all of his predecessors combined. the president doesn't want to talk about his record because it's a record of failure. he's been disengaged from the moment he took office. not only is he not willing...
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Oct 2, 2012
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[laughter] on the deficit it was that the deficits do not matter. biology boggles some of them, that guy in missouri, too, for that matter. what happens the morning after the election from a loses? i wonder about the morning after the morning after though. we have gone way too far to the right and we need a different republican party. we need a center-right republican party which i think the country really needs. it needs to be a check on the rate -- the left and center left and that is the only way we will get a check on these issues. >> history suggests the second term of clinton and reagan were the productive terms where they had big achievements. it's hard to know whether the republican party, where they will portion the blame if that happens. the question is how they decide to spend the next four years. i think it's very hard to tell, but there is some hope in looking back at both clinton and reagan. >> reagan was also considered a far right and it took running a far right republican party at the time by whoever the thomas friedman equivalent w
[laughter] on the deficit it was that the deficits do not matter. biology boggles some of them, that guy in missouri, too, for that matter. what happens the morning after the election from a loses? i wonder about the morning after the morning after though. we have gone way too far to the right and we need a different republican party. we need a center-right republican party which i think the country really needs. it needs to be a check on the rate -- the left and center left and that is the...
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>> there's no question the deficits have exploded under them. the last two decades among the two wars and the mistakes in my opinion, we blew a lot of money. multiples of what we blew before. so, you know, my attitude is that -- >> jimmy, my question is do you have any confidence no matter who is in office that actually the hard cuts that need to be made ultimately to make any text plan deficit neutral are actually going to happen? >> and my question to you comes down to a simple question. >> do you believe in the tooth fairy? >> who does the president listen to? i wonder if you could name for me four or five executives who have been advising the president and that he's been listening to. okay, four. okay, three. okay, two. okay, one. i'm waiting. one name. >> well -- >> you would argue -- >> if you think general electric the irrelevant to what's wrong with the country today. >> we have steve case on the air a lot who makes that argument. i think you are probably more right than wrong. >> ubs was losing their clients because of their affiliate w
>> there's no question the deficits have exploded under them. the last two decades among the two wars and the mistakes in my opinion, we blew a lot of money. multiples of what we blew before. so, you know, my attitude is that -- >> jimmy, my question is do you have any confidence no matter who is in office that actually the hard cuts that need to be made ultimately to make any text plan deficit neutral are actually going to happen? >> and my question to you comes down to a...
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why the deficit's been above $1 trillion now four years running, and maybe if the moderators get into it, what's happening in the middle east, and what they think they can do about it. i think that governor romney's plan's going to be to try to stick to the substance because i think the country knows we need a change. >> i'm only half joking about kicking out of the room. metaphorically, a lot of republicans want to see mitt romney do just that to the president. they want to see him verbally beat him up and make the points that you've made crystal clear and win the argument. but there's another argument that says that one of mitt romney's problems is he's not likeable enough and he may need to turn on the kind of easy ronald reagan charm which he deployed so successfully in debate. it's a fine line, isn't it, between being hard and aggressive and making a point, but also coming over as likeable. >> right. and piers, really, the way to deal with that, and i think this is true for any debate but especially one where the stakes are so high for the country, is to stick to what you want to
why the deficit's been above $1 trillion now four years running, and maybe if the moderators get into it, what's happening in the middle east, and what they think they can do about it. i think that governor romney's plan's going to be to try to stick to the substance because i think the country knows we need a change. >> i'm only half joking about kicking out of the room. metaphorically, a lot of republicans want to see mitt romney do just that to the president. they want to see him...
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Sep 25, 2012
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all kinds of things to try to deal with the deficit problem and these protesters are unhappy with the cuts that have happened. they don't want to see more of them on thursday. they need to do something. back to you. >> who are these people in the streets? >> that is a good question. most protests that you see in europe are orchestrated by the unions. this was more about younger people being out there. this was not organized by the unions even though they have been activity with protests in madrid as well. they have unemployment that is extremely high. >> live from madrid, spain. none of this seems to be scaring off veteran money manager, ken heebner. we'll hear this story in a few moments. please stay with us. >>> well, the pictures in spain contributed to the sell-off today. the dow dropped down to over 100 points. ken, great to have you. let me just have you, does it throw a monkey wrench into your optimistic monkey view? >> no. i think they are all agreed on a program to have more them doing the os teterity they are doing, they are going to support the ability of these countries to
all kinds of things to try to deal with the deficit problem and these protesters are unhappy with the cuts that have happened. they don't want to see more of them on thursday. they need to do something. back to you. >> who are these people in the streets? >> that is a good question. most protests that you see in europe are orchestrated by the unions. this was more about younger people being out there. this was not organized by the unions even though they have been activity with...
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Oct 3, 2012
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can you tell us otherwise you will end up with $40 trillion deficit, which tax loopholes will you close? >> kimberly: playing the role of mitt romney, eric bolling. >> eric: when you lower taxes and let people keep more of their money you bring growth back. >> bob: we have seen that work. >> kimberly: he won the debate. that easy. andrea what is your question? >> andrea: bill clinton spoke at the convention and he seemed to help barack obama. i am going to bring up bill clinton. president obama, when bill clinton left office he balanced the budget, cut social programs the unemployment number was low. urn your watch, the opposite happened. we have seen the budget been busted. so how are you like bill clinton? that is a tough question for him to answer. if it's me, i ask him, listen, i release my taxes. you have yet to release academic records, the white house records, see what he says. that would be tougher to answer. >> bob: for eight years we were all in a coma. curious. >> kimberly: bob is out of order. we're bring you back in "e" block. >> bob: clinton to obama. >> kimberly: guess wh
can you tell us otherwise you will end up with $40 trillion deficit, which tax loopholes will you close? >> kimberly: playing the role of mitt romney, eric bolling. >> eric: when you lower taxes and let people keep more of their money you bring growth back. >> bob: we have seen that work. >> kimberly: he won the debate. that easy. andrea what is your question? >> andrea: bill clinton spoke at the convention and he seemed to help barack obama. i am going to bring up...
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Oct 3, 2012
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[laughter] they think that somehow you can lower our deficits by spending another $5 trillion on a new tax breaks for the wealthy. but no matter how many times and they try to recruit their campaign and explain it, they cannot. they can't explain how you spend $5 trillion on tax cuts for the wealthy without raising taxes on middle-class families. how do you spend it $2 trillion on a new military spending that our military has not asked for and cut our deficits? you cannot do it. the math does not add up. >> president obama at his last campaign stop before tonight's debate. now, mitt romney speaking to reporters on monday. >> now, you know that you are going to get visitors this week. we are going to have a debate. there's a lot of interest surrounding the debate. people want to know who is going to win, who is going to score the punches and who is going to make the biggest difference in the arguments they make, and there is going to be all this scoring of winning and losing. in my view, it is not so much winning and losing or even the people themselves. it is about something bigger tha
[laughter] they think that somehow you can lower our deficits by spending another $5 trillion on a new tax breaks for the wealthy. but no matter how many times and they try to recruit their campaign and explain it, they cannot. they can't explain how you spend $5 trillion on tax cuts for the wealthy without raising taxes on middle-class families. how do you spend it $2 trillion on a new military spending that our military has not asked for and cut our deficits? you cannot do it. the math does...
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Sep 29, 2012
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there is no one who is saying we should widen the deficit. everyone exceeds to it that the real debate is about how we get it done and also the nature of the government that is the consequence of how gets them. obviously government will grow. if you shrink the budget the government will retract and that has implications to the budget. it's an ongoing debate always in america but if you think about what has been accomplished in the last year everyone knows we have to solve the problem. how to solve what has resulted in an impasse and, but the fact that everybody agrees it needs to be solved is really the most important thing. >> but it seems to me that it's a math problem and as you said, if you have got you know slow but stable growth for an extended period of time here than ultimately the raponos have to go up and expenditures have to go down. neither of which is particularly healthy in terms of economic growth. if you have taxes going up in the united states and expenditures going down ultimately that has to happen if you are going to solve
there is no one who is saying we should widen the deficit. everyone exceeds to it that the real debate is about how we get it done and also the nature of the government that is the consequence of how gets them. obviously government will grow. if you shrink the budget the government will retract and that has implications to the budget. it's an ongoing debate always in america but if you think about what has been accomplished in the last year everyone knows we have to solve the problem. how to...
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Sep 27, 2012
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for a country, virtue is to have your balance of payments, if anything, in surplus, not in deficit. now, the anglo-saxons are more accustomed to think in systemic terms what happens if each country is as virtuous as germany is? what happens to global demand then and so on and so forth? aren't these cultural aspect glz they are, indeed. >> but they determine everyday policy, if not politics. >> rose: when you look at th the-- has dealing with this crisis and having it on the front burner perhaps not led to, you know, the end of the euro zone, as some people feared, certainly the membership in part of the euro zone, but may very well have given some momentum to monetary and fiscal and even political union? >> definitely. definitely. the man who found-- founded the concept of the european union in the late 40s and 50s, john monet. >> rose: a frenchman. >> said that the integration of europe will grow through crisis. and he was very right. also in that respect. because you see, when we have a serious crisis like undoubtedly the euro zone crise has been, you either accept the distraction
for a country, virtue is to have your balance of payments, if anything, in surplus, not in deficit. now, the anglo-saxons are more accustomed to think in systemic terms what happens if each country is as virtuous as germany is? what happens to global demand then and so on and so forth? aren't these cultural aspect glz they are, indeed. >> but they determine everyday policy, if not politics. >> rose: when you look at th the-- has dealing with this crisis and having it on the front...